Gold is a very popular commodity in Bangalore, and in India in general. Gold rate in Bangalore are decided by international trends. Gold prices are highly dynamic and are affected by a wide range of factors, from a strength of the US Dollar to seasonal demand in the country. Gold is purchased in Bangalore primarily as jewelry and ornaments, following the trend of most of the country when it comes to gold usage.
Trend of Gold Rate in Bangalore for April 2018 (rates per gram for 24 karat gold)
April 2018- Week 1 (1st-7th)
- Demand for gold in Bangalore was more or consistent in the first week of April, with prices rising towards the middle of the week due to sharp falls in the dollar rate.
- Gold rate in Bangalore was priced at Rs.3,019 per gram on 1 April, with prices remaining unchanged the following day thanks to steady demand.
- The escalation of tensions between the United States and China over trade tariffs led to markets falling as investors turned to gold as a safe-haven asset.
- The precious metal traded at Rs.3,029 per gram on 3 April on strong global demand, as regional demand also saw an increase due to favorable market conditions.
- Gold price in Bangalore dipped to Rs.3,019 per gram the following day as the dollar recovered after the release of positive U.S. non-farms data, with local retail demand also dropping.
- The steady rise of the dollar saw demand for gold plunge further as the metal traded at Rs.3,008 per gram on 6 April in spite of turbulent stock markets and the renewal of tensions with China.
- The end of the week saw some respite for gold as the metal’s price rose to Rs.3,019 per gram on 7 April after a late rally resulted in renewed interest in the asset.
Trend of Gold Rate in Bangalore for March 2018 (rates per gram for 24 karat gold)
| Parameters | Gold price (24 karat) |
| Gold Rate on 1st March 2018 | Rs.3,014 per gram |
| Gold Rate on 31st March 2018 | Rs.3,019 per gram |
| Highest Rate in March | Rs.3,045 per gram on 25, 26, 28 and 29 March |
| Lowest Rate in March | Rs.2,977 per gram on 19 March |
| Overall Monthly Performance | Incline |
| Percentage Change | 0.16% |
March 2018 – Week 1 (1 – 5):
- Gold was priced at Rs.2,987 per gram on 1 March in Bangalore as demand was consistent after a period of turbulence due to the possibility of an interest rate hike.
- Gold price in Bangalore rose steadily due to the jittery equity markets, which took a nosedive after the surprise announcement of import tariffs on aluminum and steel by Donald Trump.
- Gold rose to Rs.3,003 per gram on 3 March as local demand was also on a stable footing due to international trends.
- Gold rate in Bangalore rose to Rs.3,008 per gram on 5 March, with a late rally by the metal resulting in a gain by gold at the end of the week.
March 2018 – Week 2 (5-11):
- In SIlicon city, Bangalore, gold opened at Rs.3,008 per gram for the second week of March.
- While gold rates fell in other major cities in India, they held on at Rs.3,008 per gram on the second day of the week, i.e., on the 6th of March.
- With demand worldwide rising as a trade war loomed, gold rates in Bangalore also increased. On the 7th of the month, the metal traded at Rs.3,019 per gram.
- The 8th saw gold rates dropped to 3,008 as investor demand fell as they exercised cautiously while waiting for the wage data.
- Gold prices dropped on the 9th of March to Rs.2,993 per gram as local demand failed to pick up despite evidence for the contrary in the global market.
- A brief rise in prices was seen on the 10th when the metal traded at Rs.2,993 per gram before holding on at this rate for the last day of this week.
March 2018 – Week 3 (12 – 18):
- When trading began in Bangalore, gold was recorded trading at Rs.2,998 per gram on the 12th with steady domestic demand for the meal following firm trends from the previous week.
- However, with the US dollar gaining against a basket of other emerging currencies ahead of the US consumer price data report, gold rate in Bengaluru plunged to Rs.2,987 per gram on the 13th.
- Prices remained unaltered at Rs.2,987 per gram on the 14th before surging to Rs.3,003 per gram on the 15th. The rise in prices was due to the dollar losing ground after the abrupt dismissal of Rex Tillerson, the US Secretary of State by the White House.
- However, with markets refraining from making purchases amid expectations that the Federal Reserve is likely to raise their interest rates for the first time next week, gold rates plummeted to Rs.2,982 per gram on the 16th.
- The rest of the week saw gold rates in Bangalore holding firm at Rs.2,982 per gram with tepid demand for the metal amid the weak trends overseas.
March 2018 – Week 4 (19 – 25):
- The continued political turmoil in U.S. politics coupled with the imposition of trade tariffs led to a weak dollar and an increase in demand for gold.
- Gold rate in Bengaluru was at Rs.2,977 per gram on 19 March before prices jumped to Rs.2,993 per gram on 20 March due to increased retail demand.
- Markets in the U.S. awaited news of the Fed meeting, which led to jittery investors turning to gold as a hedge against equity assets and resulted in the increased overseas demand for the metal.
- Gold price in Bengaluru reached Rs.3,014 per gram on 22 March as apprehension over possible trade wars led to equity markets sinking.
- Gold continued to climb for the rest of the week, trading at Rs.3,045 per gram as the week ended on 25 March.
March 2018 – Week 5 (26 – 31):
- The last week commenced in Bangalore with gold prices holding steady at Rs.3,045 per gram on the 26th following strong trends from the previous week.
- However, with the US-China trade war concerns being put down after negotiations between the nations, the US dollar index strengthened. This led to gold rates dropping to Rs.3,040 per kg on the 27th.
- Prices rebounded to Rs.3,045 per kg on the 28th after the ongoing US-Russian spat led to an increase in safe-haven demand for the bullion around the world.
- Thanks to steady demand amid the positive trend overseas gold continued trading at Rs.3,045 per gram on the 29th as well.
- The 30th, however, saw gold rate in Bangalore plunging to Rs.3,014 per gram after the US dollar regained ground from the previous days’ losses in the international market.
- The week concluded with gold finishing slightly higher at Rs.3,019 per gram on the 31st owing to a marginal increase in demand from local jewelers, retailers and industries.
Trend of Gold Rate in Bangalore for February 2018 (rates per gram for 24 karat gold)
| Parameters | Gold price (24 karat) |
| Gold rate on 1st February 2018 | Rs.2,998 per gram |
| Gold rate on 28th February 2018 | Rs.3,014 per gram |
| Highest Rate in February | Rs.3,031 per gram on 19 February |
| Lowest Rate in February | Rs.2,951 per gram on 8 January |
| Overall Monthly Performance | Incline |
| Percentage Change | 0.53% |
February 2018 – Week 1 (1st – 4th)
- In Bangalore, gold was priced at Rs.2,998 per gram on the 1st when the week began with steady domestic demand from the previous week.
- The 2nd witnessed gold price in Bangalore surging to Rs.3,019 per gram with demand picking up amid the positive trend overseas.
- Demand, however, dropped with the US employment data release implying more jobs and wages during the year. This led to gold rate in Bangalore plunging to Rs.2,993 per gram on the 3rd.
- Steady domestic demand coupled with firm trends overseas led to gold rates holding at Rs.2,993 per gram for the remainder of the week.
February 2018 – Week 2 (5th -11th)
- Gold prices in Bangalore fluctuated quite a bit due to uneven demand from local investors.
- When the week began, gold was priced at Rs.2,993 per gram. This rose to Rs.3,014 per gram on the 6th as demand surged after safe-haven demand increased worldwide.
- The 7th, however, saw gold prices fall to Rs.2,979 per gram as the dollar bounced back and gold demand retreated.
- On the 8th, gold rate in Bangalore went down further to Rs.2,951 per gram as USD continued to gain against other currencies.
- Local demand increased and gold rate in Bangalore went up to Rs.2,962 per gram on the 9th of February.
- For the remaining two days gold traded at Rs.2,962 per gram, thanks to steady demand from local circles.
February 2018 – Week 3 (12th – 18th)
- Gold trade in Bangalore saw prices rising significantly with the US dollar and equities taking a hit amid the US inflation data release during the course of the week.
- The yellow metal was priced Rs.2,972 per gram on the 12th when the week began amid the weakening US dollar.
- Steady domestic demand amid the firm trend overseas resulted in gold rate in Bangalore holding steady at Rs.2,972 per gram on the next day.
- With investors and stockist watching for the inflation data for clues on the intensity of the interest rate hikes, gold price in Bangalore surged to Rs.2,988 per gram on the 14th.
- The 15th witnessed gold rates in Bangalore surging to Rs.3,017 per gram with the precious metal prices hitting one-week highs after the stronger-than-expected inflation data resulted in the dollar losing against a basket of other emerging currencies.
- Steady demand coupled with strong trends overseas led to gold prices holding firm at Rs.3,017 per gram on the 16th.
- A rise in demand for the metal by investors in order to hedge against the inflation resulted in the bullion prices rising further to Rs.3,026 per gram on the 17th.
- The week concluded with the yellow metal prices trading steady at Rs.3,026 per gram amid positive trends overseas.
February 2018 – Week 4 (19th – 25th)
- Gold opened strongly in Bangalore, trading at a price of Rs.3,031 per gram on the 19th of February.
- As gold rates fell around the world due to a strong dollar performance, gold rate in Bangalore also took a hit. This led to gold trade at Rs.3,014 per gram on the 20th of February.
- The next two days, however, saw gold remain at Rs.3,014 per gram, thanks to a steady local demand. This happened despite the consistent rise in dollar value.
- On the 23rd, gold rates took a much bigger hit – falling to Rs.2,998 per gram – as markets awaited the minutes from the recently held Fed Reserve meeting.
- Domestic demand bounced back after the minutes was released and gold rate in Bangalore surged to Rs.3,008 per gram on the 24th of February.
- The week ended with gold still trading at Rs.3,008 per gram, thanks to steady demand from local investors.
February 2018 – Week 5 (26th – 28th)
- The last week in Bangalore saw gold rates surging amid the weakening dollar and equity markets during the week.
- On the 26th, the precious metal was recorded trading at Rs.3,008 per gram with the bullion recovering from its worst week in two and half months.
- Gold price in Bengaluru surged to Rs.3,014 per gram on the 27th with the dollar losing against a basket of other major currencies ahead of Fed Chairman’s congressional speech during the week.
- Trading concluded for the month with rates holding steady at Rs.3,014 per gram on the 28th and Bangalore recorded an incline of 0.53% in gold trade during the course of the month.
Trend of Gold Rate in Bangalore for January 2018 (rates per gram for 24 karat gold)
| Parameters | Gold price (24 karat) |
| Gold Rate on 1st January 2018 | Rs.2,941 per gram |
| Gold Rate on 31st January 2018 | Rs.2,998 per gram |
| Highest Rate in January | Rs.2,941 per gram on 1 January |
| Lowest Rate in January | Rs.3,020 per gram on 16 January |
| Overall Monthly Performance | Incline |
| Percentage Change | 1.93% |